93 Spring StreetWest HavenCT06516
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in West Haven at 93 Spring Street, West Haven, CT, 06516 priced at $484,900 pairs $3,306/mo rent with $12/mo cash flow after a $2,373/mo payment. Total monthly income equals $3,306/mo, and annual cash flow comes to $140/yr on $160,744 invested. Return on cash invested is 20% in year one, and rental yield stands at 8.18% on a $484,900 basis. Equity gained on principal adds $3,129/yr, and 5% annual appreciation accumulates to $133,969 by year five. Five-year ROI measures 104.1% and total cumulative return in cash reaches $167,335. For financing, Ziffy Mortgage’s DSCR program evaluates $3,306/mo property income against a $2,373/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1926
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06516, West Haven, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,840 (100%) |
| Owner Occupied HU | 11,877 (52.0%) |
| Renter Occupied HU | 9,766 (42.8%) |
| Vacant Housing Units | 1,197 ( 5.2%) |
| Median Home Value | $306,107 |
| Average Home Value | $333,389 |
Housing Distribution
Address Breakdown
Residential
21,891
Single Family
17,105
Multi-Family
4,786
Businesses
1,373
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Listed by: Sherri Schwartz • Coldwell Banker Realty
Mls Name: Smart MLS
Mls ID: #24146125